Clinical R&D Accruals
70% faster close. Zero headcount growth.
Scale your clinical portfolio with speed, control, and visibility to bring your therapies to market faster
I can't imagine having to go through closes for all of our new studies without Condor; it's revolutionized the way we work, saving us time and reducing errors.
Executive Director, Finance at a public biotech targeting neurological disorders
Explore the power of condor
Automate financial close with built-in accuracy, efficiency and compliance
It's all possible with Condor.
Accounting solutions
Revolutionizing clinical accounting in biopharma
An AI-powered accruals process for a faster, more accurate financial close
Benefits
Biopharma innovators trust Condor's Clinical Trial Accounting to manage R&D spend with speed, accuracy, and control.
Oversee the full financial lifecycle from budgets and accruals to forecasts and audit-ready reporting in a platform purpose-built for biopharma finance. Harness automated accruals, real-time forecasting, vendor oversight, and a unified system of record in one modern platform for clinical trial accounting
Faster, More Accurate Financial Close
Automated accruals, intelligent reconciliation, and SMART mapping reduce manual effort by up to 70%, shorten close cycles from weeks to days, and improve forecast accuracy across the portfolio.
Confident, Audit-Ready Compliance
Built-in workflows and amendment-in-progress reconciliation maintain accuracy through protocol changes, ensuring a 100% auditable trail and reducing audit preparation time by 60–140 hours annually*.
Scalable Portfolio Management Without Additional Headcount
Standardize processes and automation. Manage 2–3X more studies without increasing staffing. Support portfolio growth. Maintain control and visibility. Reduce operational costs by 30% or more.
Accurate Investigator Payments
Accrue site payments from actual visit data, milestones, and contract terms to enable accuracy, compliance, and faster cycles. Gain granular site-level visibility to control budgets and monitor performance.
*Based on Condor's client experience and internal estimates
AI-Powered Accruals & Process Workflows
Streamline month-end close with fully automated, rules-driven accruals and approvals
SMART Mapping
Map trial activity to financial accounts with intelligent, reusable mapping logic
Intelligent Reconciliation
Automatically detect and resolve discrepancies between budgets, actuals, and accruals
Amendment-in-Progress Reconciliation
Maintain accuracy during protocol changes with real-time amendment tracking
Anticipated Visits, Procedures, and Invoiceables
Align Clinical Operations and Accounting by factoring expected visits, procedures, and invoiceables into accruals and forecasts when site data is delayed
Accelerators
The Clinical Trial Finance Accelerators provide best practices that shorten time-to-value for accruals, and financial oversight. The Accelerators include:
- Fit-for-Purpose Data Model
Purpose-built for biopharma clinical trial finance, enabling accurate, audit-ready reporting - Preconfigured workflows
Proven processes to automate accruals, forecasting, and month-end close - SMART Mapping
Intelligent, rules-based mapping of trial activity data from EDC/CTMS and financial data from ERP and P2P into Condor's data model. Systematic, Accurate, Real-time, Traceable mapping
Implementation & Systems Integration
Jumpstart your rollout with solution-specific expertise and automated data ingestion. Our team connects ERP, EDC, and financial systems to establish a centralized study hub with protocols, schedules of assessments, CTAs, and documentation for day-one readiness.
Ongoing Accounting Operations Support
Expert-led services to streamline compliance by maintaining up-to-date audit trails and robust internal controls, keeping your organization audit-ready at all times.
Compliance & Controls Management
Advisory services to map your financial controls to Condor's Financial Close, driving accuracy, compliance, and audit readiness across your clinical trial portfolio.
Audit Package – End-to-End Managed Service
Turnkey service delivering an export-ready audit package, with close checklists, journal entries, and variance analyses, fully linked to source data to cut prep time, speed audits, and ensure compliance